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FOX News
Dec 29, 2012 3:00pm PST
crime. >> kelly: thank you. meanwhile, overseas in france, a court striking down a 75% income tax rate on its richest citizens, saying it's excessive, unfair and unconstitutional. the ruling is a big blow to the president who had promised during his campaign to raise taxes on the wealthy. katherine field is a correspondent for global radio news and joins us live on the phone from paris. thank you for joining us this evening. so what kind of blow is this politically to france's president? >> it's an embarrassing blow to him. he had made this tax rate hike a key platform of his manifesto. he said it would be a tax that would be france's rich helping the nation during harsh economic times. also the fact, this is thrown out by the constitutional court on a technicality. it was deemed to be not fair because it would be applied to individuals rather than households. so it looked as though the governed had been lobbying how it put the bills together, rushed it through parliament and put it before the constitutional court. is so it made everything look too fast and shabby. kelly. >> kelly: kat
FOX News
Dec 29, 2012 1:00pm PST
in france, a high court has now just struck down a 57% income tax rate on the richest citizens they're saying it's excessive and unfair and unconstitutional. the ruling is a huge blow to the president who had promised during his campaign to raise taxes on the wealthy. katherine field is a correspondent for global radio news and joins us from paris. what did the courts say about this. >> reporter: good morning. the constitutional court said in essence that the tax failed to recognize a quality before public burden. it was going to applied to individuals rather than households. the courted noted that the top rate would apply to a married couple a as if one member were in the income bracket and 57% rate would not apply. so in essence this controversial tax is being rejected on a technicality. it's embarrassing for the socialist president alleand. you know just despite the court is saying the government has not backed down and was within the last few hours and saying the law will be tree ree drafted to con forp with the court's ruling. nevertheless, there is spill widespread support for
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